In a blog post released August 24, Brad Smith, Microsoft’s President, argues that India will play a major role in AI governance and regulation. ‘As the current holder of the G20 presidency and chair of the global partnership on AI, India is well positioned to help advance a global discussion on AI issues. Many countries will look to India’s leadership and example on AI regulation,’ said Smith.
The white paper recommends a regulatory architecture to oversee safety requirements and includes a five-point blueprint for India’s AI governance that highlights the importance of responsible, ethical, and transparent AI development.
Why does it matter?
Microsoft has reportedly invested $10 billion in OpenAI. The company has also praised the upcoming Digital India Act, which includes stringent guardrails and principles for AI. As governments race to regulate AI, the EU AI Act draft was approved by the European Parliament in June, and the UN Secretary-General is advocating the creation of an AI watchdog body. India’s strategic position and current efforts to advance AI technology should contribute to its role in shaping AI regulation.